By Angelica Rodriguez SYRACUSE N.Y (NCC News) – New York is the first state in the nation to introduce an scholarship that will cover the four-year college tuition for undergraduates.
Governor Andrew Cuomo announced yesterday that the Excelsior Scholarship would cover almost 1 million full-time students in the state colleges. According to Cuomo, almost 80% of the students in Central New York would be able to apply to this scholarship.
The scholarship was approved over the weekend as past of the state Budget. The state colleges here at Syracuse are still organizing their plan to implement the scholarship as early as this upcoming Fall 2017.
The SUNY system just released a document that can answer FAQ.
Here are some of the requirements in order to receive the scholarship:
- Family Income: In 2017, it should be less than $100,000. This cap increases up to $125,000 in 2019.
- NYS Resident: need to be a citizen, resident or refugee. Undocumented students are not eligible.
- Full Time Student: Completing almost 30 credits per year.
- Live and work in NYS: after graduation, students need to stay in NYS the same time the scholarship covered their tuition.
- Need to pay room and board